Upstream drilling news

Mento is one of bp’s 10 major projects expected to start up worldwide between 2025 and 2027 that bp announced earlier this year as part of its strategy to grow the upstream.

ADNOC Drilling will acquire a 70% stake in the JV with SLB, with the transaction expected to be earnings, cashflow and returns accretive.

The US Department of the Interior has identified significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System.

Agreement grants ADNOC exclusive rights to Tubacex’s tubular joint connection technology which is used for completing oil and gas wells.

The breakthrough will boost the gas reserves and production efficiency in the Puguang area as well as contribute to the development of ultra-deep shale gas in the Sichuan Basin.

Merakes East is located in a water depth of 1600 m, approximately 10 km east of the Merakes Field. It is tied back via a subsea connection to the Jangkrik Floating Production Unit (FPU) operated by Eni, situated around 50 km away.

ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.

Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.

ABS, a provider of classification services for marine and offshore assets, and Akselos S.A., a provider of structural performance management software, have announced a deepening of their cooperation with the joint completion of technical assessment for structural digital twin technology.

Valaris Limited has announced that it has agreed to sell a jackup rig to BW Energy (BWE) for cash proceeds of approximately US$108 million.